- Hedera’s integration with CryptoAutos enables fast, secure crypto payments for luxury cars, revolutionizing the marketplace.
- CryptoAutos’ AUTOS token launch and $58M in sales solidify its position as a leader in blockchain-driven luxury solutions.
Hedera Hashgraph (HBAR) and CryptoAutos, the first crypto-powered luxury car marketplace, have partnered to revolutionize high-end vehicle purchases through blockchain technology. This integration enables fast, secure, and low-cost transactions, providing a seamless user experience.
As shared in a tweet by CryptoTvplus, the partnership aims to leverage Hedera’s cutting-edge technology to enhance transaction efficiency and transparency within the CryptoAutos ecosystem.
CryptoAutos Integrates with Hedera: Revolutionizing the Crypto Automotive Marketplace
CryptoAutos (@CryptoAutos_), the world’s first cryptocurrency-powered automotive marketplace, has announced its integration with Hedera (@Hedera), a leading blockchain platform known for its… pic.twitter.com/YL80PJvoX8
— CryptoTvplus (@Cryptotvplus) December 4, 2024
Buyers can use cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) to purchase luxury cars, bypassing traditional banking systems. With over 20,000 cars available across 600 dealerships, CryptoAutos caters to a global audience.
Launch of the Native AUTOS Token and Price
CryptoAutos recently debuted its AUTOS token through a Token Generation Event (TGE) on Ethereum, raising $4.57 million in just five hours. The token powers staking, governance, and rewards within the CryptoAutos ecosystem, with early adopters entered to win a Lamborghini Urus.
AUTOS will initially trade on decentralized platforms before listing on KuCoin, offering utility for transactions and dealer advertising.
Despite Hedera’s integration and CryptoAutos’ milestones, HBAR’s price experienced a 10% drop, trading at $0.3171. Nevertheless, CryptoAutos is setting new benchmarks with over $58 million in sales and pioneering crypto-to-fiat car transactions.
Its decentralized, community-driven approach ensures inclusivity and positions the platform as a leader in the blockchain-powered luxury marketplace.
Recently, CNF highlighted Hedera’s impressive performance, noting a staggering 669% surge in its monthly price chart and a 139% increase weekly. According to CoinMarketCap, at the time of writing, Hedera (HBAR) is trading at $0.3005, reflecting a 7.83% daily decline but a 114.43% weekly surge.
